Louisiana Revised Statutes 10:5-105 – Consideration
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Terms Used In Louisiana Revised Statutes 10:5-105
- Letter of credit: means a definite undertaking that satisfies the requirements of La. See Louisiana Revised Statutes 10:5-102
Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Added by Acts 1974, No. 92, §1, eff. Jan. 1, 1975; Acts 1999, No. 171, §1, eff. Jan. 1, 2000.